JP Morgan Raises Take-Two Interactive's Price Target to $275

JP Morgan analyst Cory Carpenter has raised Take-Two Interactive's (TTWO) price target to $275 from $250, a 10% increase. The move reflects continued confidence in the stock's potential, aligning with recent positive analyst assessments. Take-Two is one of the largest global developers and publishers of video games, with labels including Rockstar, 2K, and Zynga. The average target price for TTWO is $250.08, implying a 15.05% upside from the current price.

JP Morgan analyst Cory Carpenter has raised Take-Two Interactive's (TTWO) price target to $275 from $250, a 10% increase. The move reflects continued confidence in the stock's potential, aligning with recent positive analyst assessments [1]. Take-Two is one of the largest global developers and publishers of video games, with labels including Rockstar, 2K, and Zynga.

The average target price for TTWO is $250.08, implying a 15.05% upside from the current price. This positive outlook comes amidst Take-Two's strong first-quarter performance, which exceeded analyst expectations. The company reported revenue of $1.42 billion, up 16.8% over the same period last year, and EPS of $0.61, compared to $0.05 in the year-ago quarter [2].

Take-Two's first-quarter Net Bookings of $1.42 billion exceeded the high end of guidance by 9%, and recurrent consumer spending grew by 17% year-over-year, significantly outperforming the company's guidance of 7% growth [1]. The company's mobile gaming segment also performed well, with 12% year-over-year growth [1].

Despite these strong results, Take-Two's earnings per share (EPS) for fiscal Q1 2025 were a loss of $0.07, missing the forecasted $0.28 by a significant margin. However, this mixed outcome highlights the company's ability to generate higher-than-expected revenue while facing challenges in profitability [1].

Several upcoming game releases, including Mafia: The Old Country, NBA 2K26, and Borderlands 4, are expected to drive further growth in the second quarter [3]. Additionally, Take-Two's strategic shift toward hyper-casual gaming and continued success in the mobile gaming segment position the company for potential multi-year growth [3].

JP Morgan's latest update reflects the analysts' confidence in Take-Two's future performance and growth potential. Investors may find the revenue growth encouraging, but the EPS miss suggests areas for potential improvement. The earnings report reflects the company's ongoing efforts to balance revenue generation with profitability.

References:
[1] https://www.investing.com/news/analyst-ratings/taketwo-stock-price-target-raised-to-285-from-260-at-bofa-securities-93CH-4179551
[2] https://finance.yahoo.com/news/two-ttwo-reports-q1-earnings-223003466.html
[3] https://au.investing.com/news/analyst-ratings/taketwo-interactive-stock-price-target-raised-to-280-from-255-at-goldman-sachs-93CH-3967672